Tag Archive for: bitcoin

Cornell University researchers say newly developed wind & solar power projects could actually profit by using their energy for Bitcoin mining.

Researchers from Cornell University say newly developed wind and solar power projects could actually profit by using their energy for Bitcoin mining. Often criticized for its negative environmental impacts, the researchers say that Bitcoin mining could be performed by these projects once they are generating power but before they are joined to the grid.

If successful, the program could generate tens of millions of dollars, which could be used for renewable energy investments or other methods designed to defray the impacts of the Bitcoin mining process.

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Source: The Debrief

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Blockstream and Block to harness solar for bitcoin mining facility

Block (formerly Square) and Blockstream (a long-time Bitcoin company) have agreed to co-finance a pilot project to mine bitcoin off the electric grid in an all-solar facility.

Why it matters: The energy overhead of Bitcoin has become hotly controversial, but some bitcoiners argue the technology can help finance further development of renewable energy.

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Source: AXIOS

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